A crypto supporter group has urged the U.S. Securities and Exchange Commission (SEC) to promptly review all crypto investigations, Wells notices, and ongoing lawsuits starting on the "first day" of the future Trump administration.
The Digital Chamber Token Alliance, which lists Trump’s candidate for SEC chair, Paul Atkins, as a member of its advisory board, stated that the new administration offers the SEC an opportunity to reshape its "historically challenging relationship" with the digital asset industry.
In a statement on December 18, it said: "We need to foster a culture of mutual trust – where the digital asset industry can trust the SEC's goals and the SEC recognizes that most actors in the digital asset industry are trying to act responsibly."
The SEC continues to be embroiled in legal disputes with major players such as Binance, Coinbase, Consensys, and Ripple. Additionally, it has sent Wells notices to Uniswap and Immutable, which could have significant implications for tokens and the entire industry.
